ALL DISTRICT READS INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2023

Legal Domicile

Principal Officer

BERT SCHMIDT

Phone

7572502774

Tax Period

2024-01-01 to 2024-12-31

ALL DISTRICT READS INC, founded in 2023, is a small nonprofit that reported $230K in total revenue in fiscal year 2024.

Mission

DONATE BOOKS TO LOCAL PUBLIC SCHOOLS TO INCREASE READING FOR CHILDREN.

Program Service Accomplishments

Program 1

Expenses: $135,988

PROVIDED BOOKS TO VIRGINIA BEACH, SUFFOLK, NORTHHAMPTON AND NORFOLK PUBLIC SCHOOLS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $230,060

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $230,060

Expense Breakdown

Grants Paid $135,988

Salaries & Benefits $0

Fundraising Expenses $21,426

Program Expenses $135,988

Other Expenses $94,663

TOTAL EXPENSES $248,988

Year-over-Year Comparison

	2024	2023	Change
Revenue	$230,060	N/A	N/A
Expenses	$248,988	N/A	N/A
Net Income	$-18,928	N/A	N/A

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
ANNETTE WILSON	TREASURER	Director	$0	$0	$0
REBECCA LITTLE	SECRETARY	Director	$0	$0	$0
DEBRA ALECK	DIRECTOR	Director	$0	$0	$0
TREY CAMPBELL	DIRECTOR	Director	$0	$0	$0
STEPHEN HERETICK	DIRECTOR	Director	$0	$0	$0
JONATHAN JOAQUIN	DIRECTOR	Director	$0	$0	$0
KURT KRAUSE	DIRECTOR	Director	$0	$0	$0
KIMBERLY PECK	DIRECTOR	Director	$0	$0	$0
CLENISE PLATT	DIRECTOR	Director	$0	$0	$0
JAY SARCONE	DIRECTOR	Director	$0	$0	$0
MIKE DILLENDER	EXECUTIVE DIRECTOR	Officer Director	$0	$0	$0
BERT SCHMIDT	PRESIDENT AND CHAIR	Officer	$0	$0	$0
TARA RAMSEY	VICE CHAIR	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$230,060	$248,988	No data	$-18,928
2023	$257,356	$231,744	$29,544	$25,612